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Ex-Dewey Controller Reaches Partial Deal With SEC

Former Dewey & LeBoeuf LLP controller Thomas Mullikin has reached a partial settlement with the U.S. Securities and Exchange Commission that would resolve his liability in the agency's suit over the firm's collapse while leaving open the issue of a potential disgorgement order or fine, according to Tuesday court filings.

  • Apple's $368M VirnetX Patent Loss Junked By Fed. Circ.

    The Federal Circuit partly affirmed a verdict that Apple Inc. infringed VirnetX Inc.'s network security patents, but vacated the jury's $368 million damages award, ruling Tuesday that VirnetX's damages expert relied on flawed theories that "tainted" the verdict.

  • Wynn Scores Boston-Area License For $1.6B Casino

    Edging out a Mohegan Sun-backed rival, Wynn Resorts Ltd. on Tuesday won the rights to a Massachusetts gambling license, which paves the way for it to build a $1.6 billion casino resort near Boston despite foreseen hiccups with an environmental review.

  • EPA Extends Clean Power Plan Comment Period To Dec. 1

    Bowing to public pressure, the U.S. Environmental Protection Agency on Tuesday extended the comment period for its proposal to cut carbon emissions from existing power plants for 45 days, although the agency said the extension won't affect the final June deadline.

  • Detroit Creditors Give Ground To Seal Syncora Deal

    The city of Detroit has secured the concessions it needed from retirees and certain bondholders to seal a settlement that will end Syncora Holdings Ltd.’s objections to its Chapter 9 restructuring plan, a source with knowledge of the situation said Tuesday.

  • Wilson Sonsini Tech Worker Charged With Insider Trading

    An information technology employee at Wilson Sonsini Goodrich & Rosati was arrested early Tuesday and charged with trading on inside information about client mergers and acquisitions.